Leaderboard

I created this Google Spreadsheet to help myself with position sizing, and I thought I would share it with you guys. I always have this printed out and laying on my desk while I am trading. I did take this a step further and created a custom keyboard with hotkeys, but I will share that info at the end. With this spreadsheet you are able to calculate your position size on the fly, just by knowing the distance to your stop loss. By default, the risk is set to 100. This means every single trade that you take, you should lose no more than $100. An example would be, if my stop loss is 0.30 away, my position size for that trade would be 334 shares. You are able to change the default risk to what ever you are willing to risk, and your share sizes will automatically be calculated. Here is the link: https://docs.google.com/spreadsheets/d/1iD0qiPLulbYSFri9r38SG1Ke7eNiZdFHNg8MldGwSng/edit?usp=sharing To use this Spreadsheet: make sure you are logged in to your Google account, so you are able to copy the spreadsheet to your Google Drive go to File -> Make a copy... -> Then save it to your Google Drive Once you have copied the spreadsheet, you can now edit the default risk of 100, and your share sizes will be calculated accordingly A step further... The Keyboard Having this printed on your desk does help you easily calculate your position size, but it does have one drawback. You have to enter your position size in manually, which does eat up precious time. I wanted the idea of the chart used as hotkeys, so my solution was a custom keyboard. I have attached the proof I got back from http://www.wasdkeyboards.com, as well as a photo of the physical keyboard. How it works As you can see from the images, the distance to stop loss is printed on the alpha keys. If I have my hotkeys set up to risk 100 per trade, Short+Modifier+E would short the stock with 667 shares: Risk: 100 Distance to stop loss: 0.15 100 / .15 = 666.6 (667 rounded up) Conclusion Having the spreadsheet printed in front of me while I trade really helped with my position size. The keyboard really helped me execute my trades faster.

Hi folks, this is what I use on a daily basis as you see it. I open the chatroom on the right monitor and toggle back and forth in the pre-market. Once the market opens, I usually just listen to Andrew and stay focused on my two tickers I have set up on that right monitor. I have tried many configurations, but after several months have settled on this configuration and it has worked well for me. Left side monitor is for morning research and scanning. Watch list is there on the lower right of the left monitor. Center and right monitors each have 2 tickers for a total of 4 stocks on watch. For each ticker I have level II, time and sales, 5-min chart, 1-min chart and a daily chart. Below are the specifics of my equipment for anyone interested. Cheers and happy trading. HP Spectre x360 Convertible laptop Intel Core i7-6500 CPU @ 2.50GHz 16GB RAM 256GB SSD Windows 10 Home 3 HP Pavilion 32inch ultrawide LED QHD Monitors, resolution is 2560x1440 Connections are 2 DisplayPort (docking station) and 1 HDMI (via laptop port) Targus Docking Station for ethernet and the additional video connections Logitech wireless mouse and keyboard (I know how Andrew feels about these, but I have been using a wireless keyboard and mouse as long as they have existed. Never had a problem. I change the batteries religiously every quarter and get new equipment every few years.) Trust me when I say that any hotkey trading errors I have experienced were not the result of my equipment. Hardwired Ethernet connection to cable modem gets me 200+ Mbps download and 70+ Mbps upload speeds. Have cell phone app open when trading so can close trades in an emergency power or internet outage or a system crash…yes it’s happened! Hotkeys are setup via trading platform and accessed either with my external keyboard or Apple iPad mini. I use an app called “Custom Keypad”. It is $4.99 in the App Store. I connect the iPad mini to the laptop via a program called Tight VNC Server. Easy to set-up and use. The keypad app provides unlimited ability to create custom touch-screen buttons. I have used it since March 2018 and have never had an issue. That’s over 550 entries and exits for me. I’m satisfied it works.

$ARNC 30-minute Opening Range Breakdown Untitled Project20dfd71.autosave.mp4 Took 1/3 off at first target and rest at break-even. Thought it would crack 18.93 and head to levels down below toward PCL. Stock ended up reversing to VWAP and above at 19.33.

$TRCO Reverse ABCD Project20dfd71.autosave.mp4 Couldn't crack below 32.50 and stopped out on a new 5-minute high for a 0.25/share loss. Stock ended up punching through VWAP to $34.25.